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Greenbacks
congress authorized the printing of $60 million of demand notes. Although these notes did not have gold or silver backing they were declared legal tender. -
Gold Certificates
in 1863 government issued gold certicates paper currency backed by gold placed on deposit with United States Treasury -
silver certificates
government introduced silver certificates paper currency backed by silver dollars on reserve with the treasury. -
treasury coin note
federal government printed the fifth, and last. type of paper currency issued before banking system was overhauld -
gold standard
congress passed gold standard act which monetary standard under which the basic currency unit is equal to and can be exchanged for a specific amount of gold -
federal reserve system
congress created the nations first true central bank -
bank holiday
president roosevelt announced a bank holiday a brief period during which every bank in the country was required to close -
inconverible fiat money standard
monetary standard under which the fiat money supply cannot be converted into gold or silver by its citizens
